Two-Bedroom Income
1202 NW Sun Terrace Circle Port St Lucie, FL 34986
1202 NW Sun Terrace Circle, Port St Lucie, FL, 34986
$215,000
For Sale
$215,000
MULTI_FAMILY - Other - Port St. Lucie, FL
Property Size1,152 SF
Lot Size0.05 Acres
Price / SF$186.63
Days on Market56
Property Features for 1202 NW Sun Terrace Circle
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Residential
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 2
- Parking
- 2
- Parking features
- Assigned
- Pets allowed
- Yes, Number Limit, Breed Restrictions
- Interior features
- Bedroom Layout - Split, Pantry, Vaulted Ceiling(s)
- Exterior features
- Courtyard
- Appliances
- Electric Water Heater, Dishwasher, Disposal, Dryer, Electric Range, Microwave, Refrigerator, Washer, Water Heater
- Standard status
- Active
- APN
- 332365900990005
- Size
- 1,152 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LAKES AT ST LUCIE WEST PLAT-23- PATIO LOT 24C
- Tax Annual Amount
- 2202
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1992
- Floors in Building
- 1
- Flooring type
- Laminate, Tile - Ceramic
- Building materials
- CBS, Concrete, Concrete Block - With Stucco, Stucco
- Roof type
- Tile, Concrete
- Architectural style
- Other
Listing Agency
Berkshire Hathaway Florida Realty
(772) 871-7411
1430 St Lucie W Blvd St 102, Port St. Lucie, FL
Listed by
Bonnie L Meyo · License #3009972
(772) 834-9632
Added: May 26 Checked: Jul 20 at 11:06 am
MLS# B26033339
Listing URL
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Sun Terrace at the Lakes at St. Lucie West presents a 2-bedroom, 2-bath villa configured with an open floor plan. The kitchen opens to the living/dining area, with mirrored closet doors in the bedrooms and built-in shelves. Interior finishes include tile in the kitchen and bathrooms, with laminate flooring throughout the remainder of the home. The kitchen offers stainless steel appliances and LED lighting. A screened courtyard adds outdoor living space with a private garden view and additional yard area. An A/C replacement was completed in 08/2020.
Sun Terrace is within walking distance to Publix, restaurants, banks, and LA Fitness, supporting convenient day-to-day access for residents.
The property is listed as Other Residential Income within Residential zoning and includes approximately 1,152 square feet on a 0.05-acre lot.
Sun Terrace is within walking distance to Publix, restaurants, banks, and LA Fitness, supporting convenient day-to-day access for residents.
The property is listed as Other Residential Income within Residential zoning and includes approximately 1,152 square feet on a 0.05-acre lot.
Key Highlights
- 2‑bedroom, 2‑bath villa in Sun Terrace at the Lakes at St. Lucie West
- Huge screened courtyard provides additional outdoor living space
- Open floor plan with kitchen opening to living/dining area
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.0k | $26.04 |
| − Vacancy | −$1.4k | −$1.25 |
| EGI | $28.6k | $24.79 |
| − OpEx | −$12.9k | −$11.16 |
| NOI | $15.7k | $13.63 |
1,152 SF · lease $26.04/SF/yr · vacancy 4.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$224.4K
$196.3K – $261.8K
NOI $15,707 @ 7.0% cap · market cap 7.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$289.7K
$253.5K – $338.0K
NOI $20,280 @ 7.0% cap · market cap 9.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Residential income property - 2-bedroom, 2-bath villa features an open floor plan, tile and laminate finishes, and a screened courtyard; A/C replaced in 08/2020.
Where is this residential income property located?
The property is located at 1202 NW Sun Terrace Circle Port St Lucie, FL.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: 2‑bedroom, 2‑bath villa in Sun Terrace at the Lakes at St. Lucie West; Huge screened courtyard provides additional outdoor living space; Open floor plan with kitchen opening to living/dining area
